HIS eBook Hm! Pm eferences btatement [Lus-sj The following data from thejust completed year are taken from the accounting records of Mason Company: Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs Inventories Beginning Ending Raw materials $ 7,666 $ 15,666 Work in process $ 16,666 $ 5,666 Finished goods $ 26,666 $ 35,666 Required: $ 524,999 $ 79,999 $ 113,999 $ 149,999 $ 63,666 $ 99,999 $ 86,666 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. 2. Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold. 3. Prepare an income statement. Complete this question by entering your answers in the tabs below. Cost of Goods Sold, 3. Prepare an income statement. Complete this question by entering your answers in the tabs below. 10 points Required 1 Required 2 Required 3 eBook 77777777777777777777777777 Hint Print References